Crypto News

Globally-renowned exchange Binance recently admitted that its BUSD peg was inadequately undercollateralized by $1 billion.  On Tuesday, Binance admitted to flaws in its system that cost the platform its Binance Smart Chain BUSD peg and left it at least $1 billion undercollateralized at some point. According to a Binance spokesperson: “The …

While the Bitcoin halving is not expected until March 13, 2024, according to Coinwarz data, Litecoin investors can already look forward to the traditionally bullish event as soon as this year. According to NiceHash’s estimate, the Litecoin halving will take place in 189 days, on July 19, 2023. The approaching …

Bitcoin (BTC) staged a brief but promising return to $17,500 overnight on Jan. 11 as newfound strength lingered. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fails to win over skeptical traders Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local highs of $17,504 on Bitstamp. Almost …

Besides the funding, the handpicked projects will receive cross-industry mentorship from other Beacon contributors. Beacon, a Web 3.0 accelerator has completed its inaugural program with 13 innovative blockchain startups that were presented during its Demo Day event. As reported by TechCrunch, the first Cohort graduating from Beacon, known as Cohort …

Rumors have been swirling for quite some time that Elon Musk might launch his own Twitter Coin, possibly putting Dogecoin (DOGE) on the sidelines or even ditching it. Leaks of the Twitter user interface first surfaced in early December, showing the “Coin” feature. A few hours ago, new revelations emerged. …

The financial details of the deal remain undisclosed but come off as the first acquisition Fidelity Investments has made in about 7 years. Fidelity Investments, one of the world’s largest financial services providers has announced its complete acquisition of a global fintech firm, Shoobx. As revealed by the company, the …

Place/Date: – January 11th, 2023 at 6:23 am UTC · 3 min read Source: Orbeon Protocol As 2023 has just begun, there are three cryptocurrencies that investors should definitely have on their radar: Flow (FLOW), EOS, and Orbeon Protocol (ORBN). The latter is particularly noteworthy, as it uses equity-backed non-fungible …

Galaxy Digital Holdings CEO Mike Novogratz hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis saying while it’s “not good news,” it won’t “include a lot of selling.” In a Jan. 10 interview on CNBC’s Squawk Box Novogratz said he expects the current debacle facing DCG …

Polkadot provides interoperability among several blockchains for users while maintaining high scalability and speed in processing transactions. Also known as a multichain network, Polkadot supports many parachains, enabling developers to build their blockchains seamlessly. Several blockchain projects exist in the decentralized finance (DeFi) sector. These platforms usually emerge with different …

Nostr has gotten a lot of attention and steam behind it since its recent addition to the list of alternative social platforms that are prohibited from promotion on Twitter. And it’s also gaining traction as it’s become clear that the Twitter buyout by Elon Musk hasn’t fundamentally changed anything about …

The United Kingdom remains committed to becoming a world crypto industry hub in spite of the recent negative events that have occurred on the market. It is “the sector I have dedicated the most time to,” Member of Parliament and HM Treasury Economic Secretary Andrew Griffith told a meeting of …

The plaintiffs in a class action lawsuit against TerraUSD and its affiliated companies voluntarily dismissed their case on Monday. Matthew Albright filed the lawsuit on behalf of others against Terraform Labs (TFL), Pte Limited, and other affiliates in the Southern District of New York Court in August 2022. The plaintiffs …